Eden Gallery argued that a group of NFT owners “may have buyers’ remorse, but their losses, if any, are due to market forces.”
CyberKongz said it was first contacted by the SEC two years ago and had been “suffering in silence” ever since.
NFT community members hope the platform will reward its early users with a token airdrop.
An investigation into the victim of an NFT scam led the Brooklyn District Attorney’s Virtual Currency Unit to discover and dismantle a network of fake NFT marketplace sites.
Starting Nov. 27, Kraken's NFT marketplace will transition to withdrawal-only mode.
The lawyer for two OpenSea users who accused the platform of selling them securities told Cointelegraph they “had no choice but to dismiss the pending case.”
A newly revitalized OpenSea is coming soon, but details were thin.
There have been some high-profile instances of insider trading at major exchanges that show a larger issue underneath.
A group of blockchain advocates urged the United States Congress to clearly define NFTs in response to the SEC Wells notice to OpenSea.
OpenSea CEO Devin Finzer said that the NFT marketplace received a Wells notice from the SEC, suggesting potential enforcement action from the agency.
Magic Eden led the NFT market in August with $122.47 million in trading volume, securing 36.7% market share.
OpenSea faces SEC scrutiny as the debate over NFTs as unregistered securities heats up, causing a stir in the crypto world.
The SEC has targeted the largest NFT marketplace for unregistered securities trading, and the crypto community is outraged.
Atlas Development chief legal officer Oscar Franklin Tan stated that the Wells notice “does everything except provide us with clear rules to follow.”
OpenSea, one of the largest marketplaces for non-fungible tokens (NFTs), found itself at the center of controversy after the Securities and Exchange Commission (SEC) issued a Wells Notice early Wednesday over the alleged classification of NFTs as “securities.” This prompted reactions from prominent figures in the crypto industry, US senators, and market experts, all of […]
It’s unclear whether the SEC will pursue an enforcement action against the OpenSea marketplace, but its CEO alleged regulators “believe NFTs on our platform are securities.”
"We're shocked the SEC would make such a sweeping move against creators and artists," says CEO of OpenSea
Physical versions of the popular Pudgy Penguin NFT collections are selling like hotcakes.
Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection, has announced a company restructuring and layoff for the second time in a little over six months. This announcement was made by the company’s CEO and co-founder, Greg Solano, who took the leadership position in February. ‘Lost’ Yuga Labs Needs To […]
CoinGecko cited Magic Eden’s new Diamond reward program and its ongoing commitment to support creator royalties as the main catalysts.
OpenSea has debuted its integration with ERC-721C, a new standard that enables programmable earnings for NFT creators.